“We agree to support the most needy sectors but it is necessary to find other mechanisms, subsidizing the consumption only of the most vulnerable sectors in a direct way and financing that money from the entire economy. Dialogue must always be the path in search of solutions that benefit all those involved. We must continue looking for ways to protect those who have the least, but without neglecting those sectors that sustain the economy, generating foreign currency income, work and well-being for our country,” they added.
In this sense, they reiterated the “need to continue promoting the growth and development of our country by encouraging more production, where agribusiness chains play a fundamental role in generating quality employment and exports, this being urgently necessary to get out of the crisis.”
The trust is a contract by which one party (Trustor) delivers to another (Trustee) certain assets (Trust Assets) for the latter to manage and guarantee a third party (Beneficiary) that said asset will be properly managed and after a certain period. of time he will be able to dispose of the fruit of the good in question. In this case, the implementation of the Oil Trust Fund Trust is carried out with the aim of achieving greater control over the domestic price of bottled oils for domestic final consumption in our country.
The products subject to compensation are “packaged oils” which include refined edible oils intended for the domestic market for final and family consumption in containers of up to five liters. And, on the other hand, “refined oils” of soy, sunflower and/or mixtures.
The Chamber of the Oil Industry of the Argentine Republic (CIARA) also expressed its position on its official Twitter account: “The companies that collect the subsidy from exporters appear with their products on the indicated page of Careful Prices. The published prices are the responsibility of the government, which sets them well below of any real cost structure. Lastly, they stated thatthe price delay of 2020/21 accumulates 131%. State intervention in prices never works, and destroys jobs and production.”
Source: Ambito
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